he Tesla Model 3 has been a huge hit so far – in August it was the fifth best-selling passenger car in the US, nipping at the heels of such perennial favorites as the Camry, Civic, Accord and Corolla. However, those budget sedans don’t really seem like competitors to Model 3, which is billed as a “luxury” vehicle and carries a much higher price tag.
It’s the small luxury sedans that are generally considered comparable to Tesla’s new EV, and Model 3 is already offering them some serious competition. But is it actually stealing sales from brands such as Audi, BMW, Mercedes and Lexus, and if so, which ones?
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